Daily Management Review

Abe to sign trade agreement with EU at G20 meeting


07/04/2017


On Thursday, The European Union and Japan are expected to sign a free trade agreement to protect themselves from the emerging policy of protectionism in the US under President Donald Trump, Reuters reports.



Cimmerian praetor
Cimmerian praetor
Confirming on Tuesday that Japanese Prime Minister Shinzo Abe will meet with heads of EU institutions in Brussels on the eve of the G20 summit with Trump and other world leaders in Germany, the European Council stated: "The leaders must announce a political agreement to sign a free trade agreement between the EU and Japan ".

This step will bring the parties closer to a final agreement that will determine all the commercial niceties between the two largest economies of the world. Both sides, seeing that Trump has stepped back from free trade relations, are eager to show that they are still committed to removing barriers that, they say, are hampering growth.

"It is important for us to wave the flag of free trade in response to global steps towards protectionism, quickly entering into a free trade agreement with Europe," Abe told the ministers at a meeting on talks with the EU.

"This agreement is also important for our growth strategy; with all our energy, we will be negotiating to the very end to reach the best solution for Japan."

Abe will meet with the head of the European Council Donald Tusk, who will speak for 28 EU leaders, as well as European Commission President Jean-Claude Juncker, the executive head of the bloc.

Trade Commissioner Cecilia Malmström was in Japan over the weekend and said after the talks that she was "quite sure" that a broad agreement could be announced on Thursday. EU officials said Abe will visit Brussels only if both sides are confident that a political agreement will be signed.

As Malmström said, it is possible to create good, fair, transparent and stable trade relations from which both sides win, and not as in the case of the United States, when only the American side wins.

source: reuters.com






Science & Technology

China's first solar power molten salt plant sets record

WSJ announces imminent start of Boeing 737 MAX flight tests

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

Apple Patents A ‘Foldable Screen’ For Creating Foldable iPhones

Research Shows Air Pollution Causing Birth Defects

Microsoft tells about operating system of the future

Study: Third of US kids wake up at night to check their smartphones

Deepfake AI Technology Used By Researchers To Bring Mona Lisa ‘To Life'

China is developing technology to capture greenhouse gases

World Politics

World & Politics

‘Climate Neutrality Must Be Achieved By 2050’: The EU Bloc Leaders

All Out US-Iran War Unlikely After Downing Of American Drone, Say Analysts

A number of airlines stop flights over the Strait of Hormuz

Former UEFA President detained to testify in a corruption case

Iranian Foreign Minister urges other countries to abandon the dollar

The EC recommends starting penalty procedure against Italy

European Breweries To Up Their Brewing Innovation Amid Green Legislations

‘Frequent’ Shootings Causes China To Issue Travel Advisory Against US To Its Citizens